Don’t let data security oversights deflate your new business. You’ve just opened a new shop, you’re in an area where break-ins have taken place, but on your second day of trading you leave all the doors open with the cash register unlocked - you’re asking for trouble. As an entrepreneur you wouldn’t do this literally, but you are doing it figuratively if you don’t keep on top of data security.
93% of businesses that lost data for more than 10 days due to a disaster filed for bankruptcy within one year, so here are four handy tips to avoid such a fate.
1. DON’T IGNORE FREELANCERS’ DEVICES:
It’s normal for new businesses to use a number of temporary, contract or freelancer workers. Often these staff members will bring their own device. If you don’t have a proper exit procedure at the end or during their contract then they could well be harbouring important company data.
2. DON’T IGNORE PERSONAL DEVICES:
Sometimes switching between a work and personal phone can be a hassle. Especially in new businesses, it can be tempting to simply use your personal devices, but that carries with it a great risk. It may cost more initially, but using work phones which are regularly security checked, will cost far less in the long run than a data breach.
3. DON’T IGNORE SECURITY UPDATES:
Security standards from 5-10 years ago are probably outdated; such is the speed in which technology moves. Many young businesses don’t bother keeping up with the latest security updates and end up using old or outdated techniques, playing right into the hands of hackers and cyber criminals.
4. DON’T IGNORE DATA SECURITY.
A point so simple it’s almost missed. It is so important to remember, that security is a priority for young and growing businesses. It can be tempting to invest most of the capital in product development, or thinking you will deal with security later but if security isn’t taken seriously from the start or if short cuts are taken, it can lead to dire consequences.
There are lots of exciting elements to starting or growing a new business, picking premises, and making exciting hires trump data security when it comes to the more glamorous tasks. Though it’s a huge potential pitfall.